Living Leader Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09084514 (England and Wales)

Financial Statements

for the Year Ended 31 March 2019

for

LIVING LEADER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E P Littmoden

Ms P M Ferguson

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09084514 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

12,278

16,617

12,278

16,617

CURRENT ASSETS

Debtors

6

520,915

277,109

Cash at bank

113,408

152,958

634,323

430,067

CREDITORS

Amounts falling due within one year

7

517,638

355,697

NET CURRENT ASSETS

116,685

74,370

TOTAL ASSETS LESS CURRENT LIABILITIES

128,963

90,987

CAPITAL AND RESERVES

Called up share capital

8

108

101

Retained earnings

128,855

90,886

SHAREHOLDERS' FUNDS

128,963

90,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 December 2019 and were signed on its behalf by:

Ms P M Ferguson - Director

1.	STATUTORY INFORMATION

Living Leader Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

1,500,000

AMORTISATION

At 1 April 2018

and 31 March 2019

1,500,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2018

4,601

23,404

28,005

Additions

1,708

-

1,708

At 31 March 2019

6,309

23,404

29,713

DEPRECIATION

At 1 April 2018

3,193

8,195

11,388

Charge for year

1,028

5,019

6,047

At 31 March 2019

4,221

13,214

17,435

NET BOOK VALUE

At 31 March 2019

2,088

10,190

12,278

At 31 March 2018

1,408

15,209

16,617

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

370,938

117,503

Other debtors

1,077

1,070

Directors' current accounts

101,500

111,136

Prepayments and accrued income

47,400

47,400

520,915

277,109

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

20,904

31,044

Amounts owed to group undertakings

6,608

-

Tax

65,246

46,804

Social security and other taxes

1,767

2,006

VAT

60,587

47,973

Other creditors

3,571

8,396

Accruals and deferred income

311,555

219,314

Accrued expenses

47,400

160

517,638

355,697

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

96

A Ordinary

£1

96

96

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1

D Ordinary

£1

1

1

1

E Ordinary

£1

1

1

1

F Ordinary

£1

1

1

1

G Ordinary

£1

1

-

1

H Ordinary

£1

1

-

1

I Ordinary

£1

1

-

1

J Ordinary

£1

1

-

1

K Ordinary

£1

1

-

1

L Ordinary

£1

1

-

1

M Ordinary

£1

1

-

108

101

The following shares were issued during the year for cash at par :

1 G Ordinary share of £1

1 H Ordinary share of £1

1 I Ordinary share of £1

1 J Ordinary share of £1

1 K Ordinary share of £1

1 L Ordinary share of £1

1 M Ordinary share of £1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the date of balance sheet, the directors' owed the company, an amount of £101,500

(2018: £111,136). This loan was repaid within 9 months of the year end.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms P M Ferguson.